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RIM may sell handset business to Facebook or Amazon

Updated Dec 19th, 2018 8:28PM EST
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Struggling smartphone maker Research In Motion is reportedly considering a sale of its hardware business as the company continues to explore options that might help it recover. Following news that another round of layoffs has already begun at the Waterloo, Ontario-based company, Reuters cites The Sunday Times in reporting that RIM is now considering an outright sale of its BlackBerry hardware business. Among the companies identified as potential buyers are Facebook and Amazon, though it is unclear if RIM is actively negotiating with either of the companies. The Sunday Times, which did not cite any sources in its report, also claims that RIM is considering selling a stake to a larger company such as Microsoft, thus allowing it to keep its hardware and software businesses together.

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Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.